Innovative Approach Achieves Higher Operational and Financial Performance; Solution to be Showcased at HFMA Annual Conference in Las Vegas
BEDFORD, Mass., June 25, 2018 (GLOBE NEWSWIRE) -- Datawatch Corporation (NASDAQ-CM: DWCH) today announced a collaboration with Baker Tilly Virchow Krause, LLP (Baker Tilly) and Tableau for the newly launched Baker Tilly Revenue Cycle Innovation Center (RCIC). This end-to-end data solution assists healthcare organizations by providing clear visibility into actionable data for maximizing and managing revenues. Encompassing all aspects of revenue cycle data analysis, from self-service data preparation to data visualization, the joint solution will be demonstrated live at the HFMA Conference in Las Vegas, from June 24-27.
“The RCIC is built to enhance healthcare revenue cycle strategies to provide a significant increase in financial performance by combining best-in-class consulting capabilities with leading technologies,” said Michael Duke, principal at Baker Tilly. “By partnering with Datawatch, Tableau and other knowledgeable specialists, we are creating a radically new approach that fully optimizes revenue cycle operations for healthcare providers.”
A first-of-its-kind innovative healthcare revenue cycle solution, the RCIC provides a unique method for accomplishing financial tasks and offers data analytical processing sets that enable executives to make data-driven decisions and solve complex problems related to large healthcare organizations. Datawatch Monarch’s data preparation and data intelligence platform ensures that analysts and financial business users can easily access, meld and manipulate information from any source including 835/837 insurance remittance forms, electronic health records (EHRs), HL7 messages and more.
“Our Monarch platform automates the data collection and preparation process resulting in greater employee productivity and effectiveness and provides data intelligence into how the information is used – ensuring full data governance for HIPAA compliance,” said Ken Tacelli, chief operating officer at Datawatch. “Datawatch’s experience in working with more than 700 hospitals and healthcare providers gives us a unique insight into the revenue cycle data process. Our partnership with Baker Tilly’s RCIC and leading data specialists such as Tableau, ensures that healthcare providers can increase net revenue, reduce costs and obtain flexibility in processes and systems for sustainable results.”
The RCIC adds insightful data analytics into the revenue cycle process allowing healthcare financial executives to have a complete view into their strategies, billing and remittances to better understand where the bottlenecks are and how to optimize processes.
The RCIC solution will be showcased alongside with Datawatch and Tableau offerings in Datawatch booth #735 during the HFMA Conference in Las Vegas, June 24-27. For more information, stop by the booth to speak with Datawatch, Baker Tilly and Tableau, or to request a demo, please visit: https://www.datawatch.com/in-action/roles/revenue-cycle-management-healthcare-providers/.
About Datawatch Corporation
Datawatch Corporation (NASDAQ-CM: DWCH) Datawatch Corporation is the data intelligence solutions provider that will fuel your business. Only Datawatch can confidently position individuals and organizations to master all data – no matter the origin, format or narrative – resulting in faster time to insight. Datawatch solutions are architected to drive the use of more data, foster more trust and incorporate more minds into analytics and reporting projects. With over 25 years in business, organizations of all sizes in more than 100 countries worldwide use Datawatch products, including 93 of the Fortune 100.The company is headquartered in Bedford, Massachusetts, with offices in Toronto, New York, London, Stockholm, Singapore and Manila. To learn more about Datawatch or download a free version of its enterprise software, please visit: www.datawatch.com.
Vice President Worldwide Marketing, Datawatch Corporation
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Source: Datawatch Corporation